Singapore-based Keppel Offshore and Marine subsidiaries have been slapped with a request for arbitration from an unnamed counterparty in relation to contracts for the delivery of Floating, Production, Storage, and Offloading (FPSO) vessels.Keppel said this week that the unnamed claimant had withheld $11.
Offshore drilling contractor Transocean on Wednesday released its quarterly offshore drilling rig fleet status report, which shows one contract terminated in Norway, and several new deals secured Norway, U.S. Gulf, Brazil, Angola, Brunei, and, possibly, Myanmar. The rig owner's total backlog is now around $7.3 billion.
Triumph Subsea Services last week said it had cancelled a letter of intent with Infrastrata related to the proposed construction of an offshore wind development vessel, and said it wouldn't build any vessels with Infrastrata or any of its shipyards. Responding to Triumph, Infrastata said Triumph had not achieved any of the milestones required to proceed with the shipbuilding project.
Australian oil and gas company Santos has signed a contract with FPSO supplier BW Offshore for the delivery of an FPSO for the Barossa gas field, located 300 kilometers offshore Darwin in Australia. The contract is subject to Final Investment Decision (FID) by Santos and its partners, with the FID expected in the coming weeks.
Aberdeen-based offshore vessel owner North Star Renewables has won contracts worth around £270 million (~$375 million), to deliver three service operation vessels (SOVs) to be used on what will be the world’s largest offshore wind farm, the 3.6GW Dogger Bank Wind Farm in the UK North Sea.
Italy's Fincantieri will sign as prime contractor a contract worth 1.35 billion euros ($1.64 billion) for the construction of two new-generation submarines for the Italian Navy, the shipbuilder said on Friday.The contract, signed together with OCCAR (the international organization for joint armament cooperation) includes an option for the construction of two additional units, a statement said.
COVID-19 will continue to skew the floating production systems market for the coming 24 months, while buying power for a large portion of FPSO contracts will be centered in Brazil and Guyana/Suriname. These two areas are expected to account for more than 60% of the FPSO contracts awarded between 2021 and 2025.
The Belgian dredging and offshore installation firm DEME said Friday it had secured its largest ever dredging and land reclamation contract.The contract is for work for the Abu Qir port project in Egypt. The project will see the deployment of DEME’s giant new cutter suction dredger ‘Spartacus’.
Within a week's time, Detyens Shipyards has secured two Military Sealift Command (MSC) ship repair contracts worth more than $29 million combined. The privately-owned Charleston, S.C. repair yard beat out two other competing shipyards to secure a $18,144,376, 76-calendar day, firm-fixed-price contract for the regular overhaul dry-docking availability of the fleet replenishment oiler USNS Leroy
South Korea's Daewoo Shipbuilding & Marine Engineering has won an order to build three LNG carriers.DSME said the order was worth more than 1 trillion Korean Won, or around $872 million.The South Korean shipbuilder did not say who the client was, apart from saying it was a European shipowner.
Singapore's Keppel Offshore & Marine Ltd (Keppel O&M) said Friday it had secured a contract valued at approximately S$600 million (USD 442 million) in the offshore renewable energy industry.Sharing the news on Friday, Keppel gave little details on the client and the type of order. It said that the contract was with "an energy company" for the engineering, procurement
Offshore drilling contractor Seadrill said Thursday its Brazilian subsidiary had been served with a search and seizure warrant in relation to a bribery investigation."Seadrill Limited confirms that today its subsidiary Seadrill Serviços de Petroleo, Ltda was served with a search and seizure warrant from the Federal Police in Rio de Janeiro, Brazil as part of the latest phase of Operation Car Wash.